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MariMed’s Products to Enter Pennsylvania Market Through a Management Services and Licensing Agreement with TILT Holdings
Globenewswire· 2025-07-31 11:30
Core Insights - MariMed Inc. has entered a strategic agreement with TILT Holdings to expand the distribution of its medical marijuana products to Pennsylvania [1][2] - Under a Management Services Agreement, MariMed will manage TILT's Standard Farms cultivation and processing facility in Pennsylvania starting September 1, 2025 [2][3] - MariMed will receive a management fee of 12.5% of Standard Farms' gross revenue for its management services [3] Company Overview - MariMed Inc. is recognized as a leading multi-state cannabis operator, known for its award-winning cannabis brands such as Betty's Eddies™, Bubby's Baked™, and Nature's Heritage™ [5] - The company aims to become a leading consumer packaged goods company in the medical marijuana sector through its "Expand the Brand" strategy [4] - TILT Holdings supports cannabis businesses with a diverse portfolio, including technology and cultivation services, and operates in multiple regions including North America and Europe [6] Market Context - Pennsylvania is identified as a strong medical marijuana market and is expected to transition into an adult-use market, presenting growth opportunities for MariMed [4] - The partnership with TILT is seen as a strategic move to leverage existing quality and trust established under the Standard Farms brand to enhance MariMed's market presence [4]
MariMed's Products to Enter Pennsylvania Market Through a Management Services and Licensing Agreement with TILT Holdings
GlobeNewswire News Room· 2025-07-31 11:30
Core Viewpoint - MariMed Inc. has entered a strategic agreement with TILT Holdings to expand the distribution of its medical marijuana products in Pennsylvania, aiming to leverage the state's growing market potential [1][2][4]. Group 1: Strategic Agreement Details - MariMed will manage TILT's Standard Farms cultivation and processing facility in Pennsylvania under a Management Services Agreement (MSA) effective September 1, 2025 [2]. - The MSA has an initial term of four years, with MariMed receiving a management fee of 12.5% of Standard Farms' gross revenue [3]. Group 2: Market Expansion and Strategy - The partnership aligns with MariMed's "Expand the Brand" strategy, focusing on becoming a leading consumer packaged goods company in the medical marijuana sector [4]. - Pennsylvania is identified as a strong medical marijuana market with potential for future adult-use cannabis legalization, presenting significant growth opportunities for MariMed [4]. Group 3: Company Profiles - MariMed is recognized for its award-winning cannabis brands, including Betty's Eddies™, Bubby's Baked™, and others, and is committed to quality and innovation in the cannabis industry [5]. - TILT Holdings supports cannabis businesses through a diverse portfolio, including technology and cultivation services, and operates multiple facilities across North America and Europe [6].
MariMed Expands Access to Top-Selling Betty's Eddies Brand in Maine
GlobeNewswire News Room· 2025-07-14 11:30
Core Insights - MariMed Inc. has entered a licensing agreement with The Stoned Moose, a cannabis operator in Maine, to expand the distribution of its Betty's Eddies™ full-spectrum fruit chews in the $455 million Maine cannabis market [1][2] - The new agreement allows for the distribution of Betty's Eddies to both adult-use and medical cannabis consumers, with medical cannabis sales accounting for over 50% of Maine's cannabis revenues in 2024 [2] - The CEO of MariMed expressed optimism about the brand's potential in Maine, citing its market leadership in edibles in Massachusetts, Maryland, and Delaware, and aligning with the company's "Expand the Brand" strategy [3] Company Overview - MariMed Inc. is recognized as a leading multi-state cannabis operator, focusing on the development and management of advanced cultivation, production, and retail facilities [4] - The company boasts a portfolio of award-winning cannabis brands, including Betty's Eddies™, Bubby's Baked™, and others, which are well-regarded by consumers across the United States [4] Industry Context - The cannabis market in Maine is valued at $455 million, indicating significant growth potential for companies like MariMed that are expanding their product offerings [1] - Medical cannabis sales are a crucial segment of the market, representing more than half of the total cannabis revenues in the state [2]
MariMed Expands Access to Top-Selling Betty’s Eddies Brand in Maine
Globenewswire· 2025-07-14 11:30
Core Insights - MariMed Inc. has entered into a licensing agreement with The Stoned Moose, a vertically integrated cannabis operator in Maine, to expand the distribution of its Betty's Eddies™ full-spectrum fruit chews in the $455 million Maine cannabis market [1][2] - The new agreement allows for the distribution of Betty's Eddies to both adult-use and medical cannabis consumers, with medical cannabis sales accounting for over 50% of Maine's cannabis revenues in 2024 [2] - The CEO of MariMed expressed optimism about the brand's potential in Maine, citing its market leadership in edibles in Massachusetts, Maryland, and Delaware, and viewing this partnership as a strategic step in their "Expand the Brand" strategy [3] Company Overview - MariMed Inc. is recognized as a leading multi-state cannabis operator, specializing in the development and management of advanced cultivation, production, and retail facilities [4] - The company boasts a portfolio of award-winning cannabis brands, including Betty's Eddies™, Bubby's Baked™, Vibations™, InHouse™, and Nature's Heritage™, which are well-regarded by consumers nationwide [4]
MariMed Announces Second Quarter 2025 Earnings Date
Globenewswire· 2025-07-08 11:30
Core Viewpoint - MariMed Inc. is set to report its second quarter 2025 financial results on August 6, 2025, with a conference call scheduled for August 7, 2025, to discuss these results [1][2]. Company Overview - MariMed Inc. is a leading multi-state cannabis operator, recognized for its advanced cultivation, production, and retail facilities [3]. - The company boasts an award-winning portfolio of cannabis brands, including Betty's Eddies™, Bubby's Baked™, InHouse™, Nature's Heritage™, and Vibations™, which are well-regarded by consumers nationwide [3]. - MariMed is committed to excellence and aims to drive growth while setting new standards in the cannabis industry [3].